Last modified: 16 Nov 2016 17:51
This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel. In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.
|Session||Second Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
Computer spreadsheets and valuation; DCF appraisal model and calculations of worth/investment value; premiums and surrender and renewal of leases; valuation of over-rented property; valuation of development properties; valuation of licensed premises; valuation standards; introduction to the UK tax system & land and property tax computations; intrduction to valuation for rating and Council Tax; rateable occupation and the unit of valuation; comparative method of valuation; contractor's basis of valuation; receipts and expenditure method; the revaluation cycle/alteration of the Roll; appeal system; international comparison.
This is the total time spent in lectures, tutorials and other class teaching.
1 two hour written examination (50%); continuous assessment (50%) comprising of two reports of up to 1500 words each (each at 25%)
Resit: 100% on 1 two hour written examination.